And, Predictably, Another Two Steps Back
If you are not an economist bound by dogma, or a member of the media forbidden from using opinion of all but the finest (sounding) credentials, there is no mystery. I am as tired of [...]
A JOLTS Plateau Would Be Meaningful
The JOLTS series is, in my view, a second tier data set made so by its computational connections to the CES. The Job Openings portion I believe has proven over the past few years why [...]
September FOMC: Do We Have The Guts To Actually Believe In Our Own Fallacies?
The US is awash in economic data that shows its economy isn’t close to matching the rhetoric of policymakers. FOMC minutes for the September policy meeting show largely what I have been writing for almost [...]
Recession Fatigue Fatigue Strongly Suggests It Was Never Recession
Four years ago, recession fatigue had set in as by then it was already several years into recovery even though it just didn’t seem that way. Historical experience had been uniform in business cycle symmetry; [...]
Suspicions About Bank Math: A Systemic Story Told Through Deutsche
As perhaps another in a very long line of indications as to what is unholy and wrong about today in banking and finance, over the weekend it was reported in the Financial Times that Deutsche [...]
Still Broader Impacts of ‘Dollars’
The Federal Reserve’s Labor Market Conditions Index (LMCI) fell back -2.2 in September. Revisions to the last few months were also downward, suggesting once again that there is no positive economic momentum this year. Apart [...]
Clock Ticks To CNY Again
You can only pick one. Going back to around July 11, the People’s Bank of China decided for whatever their reasons CNY had gone far enough and that the central bank would intervene to all [...]
Stay In Touch